The country’s largest banks are debating on whether to team up to issue a joint stablecoin in an attempt that would fend off escalating competition from the cryptocurrency industry, Gina Heeb and Justin Baer of The Wall Street Journal reports. So far, the conversations have involved companies co-owned by JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), and others, people familiar with the matter told the Journal.
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